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Millennials changing the way China thinks about money

Those aged 18 to 35 embrace debt like never before, driving up the country's household lending

With debt 18.5 times their income, young Chinese are among the most indebted of their peers in Asia. While their spending and borrowing is an opportunity for economic growth, it is also a risk as they add to China's debt.


MA Yiqing, 24, is typical of China's younger generation - he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home - his mum and dad.

Interviews with Mr Ma (a single-...